UPDATE: Morgan Stanley Upgrades UiPath Inc. (PATH) to Overweight

Morgan Stanley analyst Keith Weiss upgraded UiPath Inc. (NYSE: PATH) from Equalweight to Overweight with a price target of $74.00.

The analyst comments "Strong positioning for a converging Automation Platform play should prove concerns over competition overstated. A 42% pullback since IPO gives investors an entry point into a solid growth story executing well against a >$40B opportunity, trading below peers at 0.42X EV/Sales/Growth. Upgrade to OW."

For an analyst ratings summary and ratings history on UiPath Inc. click here. For more ratings news on UiPath Inc. click here.

Shares of UiPath Inc. closed at $43.27 yesterday.

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